One in three (33%) advised families share the same financial adviser across multiple households of the same family, according to new research.

M&G’s Financial Planning arm M&G Wealth saw net client outflows of £1.4m for the year ending 31 December 2021.

Asset manager M&G’s wealth management arm has acquired investment manager TCF Investment in order to launch model portfolio services.

M&G Wealth has appointed Shanti Kelemen as its first chief investment officer.